No Interference required on Acceptance of Explanation for Unexplained Cash Deposits as Gifts: Karnataka HC [Read Order]

No Interference required on Acceptance of Explanation for Unexplained Cash Deposits as Gifts: Karnataka HC
By Manu Sharma - On August 13, 2024 3:45 pm - 2 mins read
Karnataka HC - Unexplained Cash Deposits - Unexplained Cash Deposits as Gifts - Karnataka High Court - judicial review - High court news - taxscan

The Karnataka High Court has ruled that the Settlement Commission, by accepting explanations “in the spirit of settlement,” cannot be faulted or subjected to interference within the limited scope of judicial review. The petitioner filed an affidavit under Rule 8 of the Income Tax Settlement Commission (Procedure) Rules, 1997, stating that she had not maintained…

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